以太坊（ETH）价格在2025年波动，导致一些商人和投资者担心其未来。

以太坊（ETH）的价格在2025年波动，导致一些商人和投资者担心其未来。价格下降了几乎一半

The price of Ethereum (ETH) has fluctuated significantly in 2025, causing some traders and investors to become concerned about its future. The token has dropped by nearly half from its YTD highs of around $3,635 to hit lows of $1,910.67. Many are wondering if the token will ever breach the $4,000 resistance and a new high of around $5,000.

以太坊（ETH）的价格在2025年显着波动，导致一些商人和投资者关注其未来。该代币的YTD高点降低了近一半，大约3,635美元，达到1,910.67美元。许多人想知道，令牌是否会违反4,000美元的电阻和大约5,000美元的新高点。

Many eyes are also on the upcoming Pectra upgrade and whether it can trigger an increase in the price of Ethereum.

许多眼睛也在即将到来的Pectra升级上，以及它是否可以引发以太坊价格上涨。

However, first, let's take a look at the rocky start that Ethereum had to 2025.

但是，首先，让我们看看以太坊必须到2025年的岩石起步。

What happened to the price of Ethereum in 2025?

2025年以太坊的价格发生了什么？

So far, 2025 has been a rough year for Ethereum. At the end of January, Ethereum was trading at $3,267.90 per an earlier ETH price analysis as the forecast for January’s push to $4,000 failed.

到目前为止，2025年对于以太坊来说是艰难的一年。在1月底，以太坊的交易价格为每次ETH价格分析的3,267.90美元，因为一月份将其推向4,000美元的预测失败了。

Unfortunately, it dropped to around $1,910.67 by mid-March. This large drop in just a few weeks has seen several large investors sell off, as seen in Ethereum ETF outflows.

不幸的是，到3月中旬，它跌至1,910.67美元左右。正如以太坊ETF流出所示，短短几周内这种大笔跌幅就看到了几个大型投资者。

While Ethereum still has high growth potential for the future, the short-term price movement of the token has been seen as unpredictable. The delay in key upgrades, like the Pectra update, has also made things harder for Ethereum.

尽管以太坊仍然具有未来的高增长潜力，但代币的短期价格转移被认为是不可预测的。像Pectra更新一样，关键升级的延迟也使以太坊变得更加困难。

As of press time, CoinMarketCap data shows that Ethereum’s price was trading at $1,931.64 and has seen an over 1% decline in the last 24 hours.

截至发稿时，CoinMarketCap数据显示，以太坊的价格为1,931.64美元，在过去24小时内下降了1％以上。

Still, ETH remains the second largest cryptocurrency globally, with a Market capitalization of $233.12 billion.

尽管如此，ETH仍然是全球第二大加密货币，市值为231.2亿美元。

With the price drawdowns conditional, the question now becomes what its prospects for growth are in the short term.

由于价格下降的条件下降，问题现在变成了其长期增长的前景。

Will the Pectra upgrade boost Ethereum price?

Pectra升级会提高以太坊的价格吗？

The Pectra upgrade, which was announced by Vitalik Buterin, is designed to make Ethereum faster and more efficient. It combines two key updates, Prague and Electra, which are designed to improve Ethereum’s performance, especially regarding scalability and staking.

Vitalik Buterin宣布的Pectra升级旨在使以太坊更快，更高效。它结合了两个关键更新，即布拉格和伊莱克特拉，旨在提高以太坊的性能，尤其是在可伸缩性和静止方面。

The mainnet launch for Pectra was expected to happen in early April, but the circumstances surrounding its testing are uncertain. This is because the Sepolia and Holesky testnets encountered configuration issues.

预计Pectra的主网发射将在4月初进行，但围绕其测试的情况尚不确定。这是因为Sepolia和Holesky Testnets遇到了配置问题。

This testnet hiccup fueled the latest Ethereum price drawdown as community sentiments dropped. However, ETH developers have stepped up to create a fix. They are set to launch the “Hoodi” testnet by Monday, March 17, which will help redirect the testing of key Pectra upgrade features.

随着社区情绪下降，这款测试网络助长了最新的以太坊价格下降。但是，ETH开发人员已加紧创建修复程序。他们将在3月17日星期一之前启动“ Hoodi”测试网络，这将有助于重定向pectra升级功能的测试。

If all goes well, the mainnet launch could take place between April and May 2025. Many Ethereum proponents believe the success of Pectra might serve as a primary catalyst for the Ethereum price boom to $5,000.

如果一切顺利，主网发布可能会在4月至2025年5月之间进行。许多以太坊的支持者认为，Pectra的成功可能是以太坊价格繁荣的主要催化剂，至5,000美元。

What's next for Ethereum ETF?

以太坊ETF的下一步是什么？

Another factor that could influence ETH’s price outlook is the launch of Ethereum ETFs. While Bitcoin ETFs have become increasingly popular, Ethereum ETFs are lagging behind in terms of sustained capital flow.

可能影响ETH价格前景的另一个因素是以太坊ETF的推出。尽管比特币ETF变得越来越流行，但以太坊ETF在持续资本流动方面落后。

Data from SoSoValue shows that Ethereum ETFs lost over $143 million in assets this week. This is a large outflow compared to last week when they recorded $119 million in outflows.

Sosovalue的数据表明，本周以太坊ETF损失了超过1.43亿美元的资产。与上周录制了1.19亿美元的流出相比，这是一个很大的流出。

Although the broader market sentiment is impacting this shift, when the stock market gains revival, the ETF market and by extension Ethereum price may gain momentum.

尽管更广泛的市场情绪正在影响这一转变，但是当股市获得复兴，ETF市场和扩展以太坊价格时，以太价格可能会增长动力。